Order BUY XLF ARCA Stop 30.88 LMT 30.88 will be automatically canceled at 20230101 00:00:00 EST
XLF daily bullish hammer wave 4 of downtrend into 50% fibonacci retracement gotta be quick countertrend.
XLF $XLF Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: XLF is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.
XLF (SPDR Financial Sector ETF) price has bounced up from 0.618 fibonacci support on the daily chart.
Entry (long): $37.53
Take Profit +3% (exit): $38.66
Stop Loss -1.5% (exit): $36.95
Note: Many Finance related stocks have a similar pattern on either the Daily or 4-Hour charts. Could see an industry-wide bounce up if fibonacci support levels hold this...
AMEX:XLF has seen some channel trading from 2018 too early this year. Finding its range peak in February of 2020 it crashed hard and has been working it's way up since. In red and green (A-D) are the main support and resistance levels and I have noted on the MAC-D where price has reversed, and also accounted for some major financial events such as the Chinese...
Hello traders,
Description of the analysis:
The financial sector is showing an attempt at stabilization, but so far there is no talk of stabilization. We see gaps up and down. It is necessary to wait for a clearly defined volume distribution. Gaps tend to fill sooner or later. The way up again will be hampered by marked resistances. At the moment, I would be...
When you see the SPY forming a bullish ascending triangle that is great! But when you also see the XLF forming an ascending triangle, you know that the likelihood of the market going higher is good.
The popular ETF, XLF follows the financial sector and after weeks of selling, it looks to have found support and be gearing up for a big move indicated by the Weekly Squeeze coiling for the past 8 weeks, with the momentum shifting to bullish this week. If you take a look at C (Citigroup), it too has a Weekly Squeeze. If you take a look at it on a Daily it also...
XLF sees strong momentum on Tuesday trading and there's support @22.85. Trump's policy will benefit the financial sector anyway and we are expecting to see a pullback+bounce back to previous highest level and break through into a new territory!! Wait for the pullback to build the portfolio.
What a rollercoaster the financilas got - no doubt :)
How ever, based on some strategic facts (point of views) i realized that the financial sector still got time and room to prices above 25 at least. Why ??? The Sentiment changed !!! And not only this - of course politics in the US too. And this is probably the most inflous - the most bullish factor !? CNBC Joe...
